Forex trading at the weekend
This could lead to different results than the ones below. As soon as target or stop is hit. Man newspost commandes a usenet binary autoposter DolphinTrader, glad your enjoyed the post. July 13, at 4: What Is Gap Trading?
Email will not be published required. With different strategies gap trading can be profitable. I might do this in future but at the moment it is more important to address the flawed wisdom in the Forex community.
Whenever the Forex market opens with a forex trading at the weekend gap I get a barrage of emails about gap trading in Forex. I think the prevailing wisdom about gap trading in Forex is wrong. To be definitive I would need to test at least five pairs with one year of data. Because of the election volatility I exited most of my gap trades well before they closed. Five out of the nine trade were losses.
I have compiled statistics in order to analyse the profitability of gap trading. I have read the theory, your work on the facts is extremely interesting, a most interesting analysis. Forex trading at the weekend Sunday gap seen this year has been filled but one trade moved pips on the opposite direction before the gap was filled two weeks later.
The System To compile these statistics I needed a basic gap trading system. I might do this in future but at the moment it is more important to address the flawed wisdom in the Forex community. This means that gaps may appear different dependant on your broker. I have a question that relates to trading gaps in a slightly forex trading at the weekend way: May 10, at 2:
Over the past few years people have started trading Sunday evening gaps in Forex. May 10, at It is illogical to leave a trade open for pips in the hope of making 43 pips when the gap is filled. Three of these nine trades required a floating loss of more than pips before the gap was filled. Stock and commodity traders have forex trading at the weekend exploiting gaps for decades.
In Forex gaps are not very common and they usually only occur at market open on Forex trading at the weekend. To be definitive I would need to test at least five pairs with one year of data. May 10, at 7: May 10, at 2: I rarely enter at the open but wait to see if gap is going to widen as many did this past Sunday.
A Closer Look at Gap Trading I have compiled statistics in order to analyse the profitability of gap trading. Yeh, there has been a few recently. Forex trading at the weekend may sound illogical but there are some logical reasons for price to fill gaps in the stock market. May 11, at 4:
May 2, at 9: February 21, at I trade gaps every Sunday that the market offers a viable one to enter.
May 11, at 2: I think I might take a look at a few more pairs and expand on this post. Since the stock market closes each day gaps are much more common. May 11, at 4: